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State Street Corp. chief executive Jay Hooley to retire at the end of 2018
November 7, 2017--State Street Corp. chief executive Jay Hooley will retire from the job at the Boston-based financial services giant at the end of 2018, after more than 30 years there.
The change in leadership atop one of Boston’s biggest companies was announced Tuesday. Ron O’Hanley, a former Fidelity executive who has been running State Street’s investment management division for the past two years, was tapped to succeed Hooley.
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Source: Boston Globe
SEC Is Said to Prepare Easier Path for New Exchange-Traded Funds
November 6, 2017--Chairman has asked staff to revisit 2008 proposal, people say
Plan would address complaints over time and cost for approvals
U.S. Securities and Exchange Commission Chairman Jay Clayton is working to streamline the agency's ad hoc approach to approving new exchange-traded funds, putting a spotlight on an issue that has vexed the regulator for a decade.
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Source: Bloomberg
ETFS Bloomberg All Commodity Strategy K-1 Free ETF (BCI) Added to Schwab ETF Select List(R)
November 6, 2017--BCI Joins ETFS Physical Precious Metals Basket Shares (GLTR) and ETFS Physical Swiss Gold (SGOL) on the Schwab list
ETF Securities, a specialist commodity Exchange Traded Product (ETP) provider, announced that the ETFS Bloomberg All Commodity Strategy K-1 Free ETF (BCI) has been named to the Schwab ETF Select List(R). BCI is ETF Securities' third fund to be added to the list, demonstrating rising demand for low cost diversified commodity ETFs in the US.
view more CFTC.gov Commitments of Traders Reports Update Goldman Retreats From Options as Stock Derivatives Trading Struggles view more
November 3, 2017-Passive investment has exploded in popularity, putting pressure on active managers who charge higher fees.
Variable pricing mutual funds are a way active managers can charge fees on a performance-driven basis, but they're not without their risks.
The popularity of low-fee exchange-traded funds has come at the expense of active managers, who now have no choice but to fight back. And to stay afloat, they're going to have to get creative.
Source: Business Insider
November 3, 2017--The current reports for the week of October 31, 2017 are now available.
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Source: CFTC.gov
November 3, 2017--An unusual calm in markets has choked the trades that typically move through banks' derivatives desks.
Waning stock volatility is pressuring the equity derivatives business, suppressing revenue and driving traders out of what was once a key Wall Street moneymaker.
Source: Wall Street Journal
